Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.021%

Price spread now: MEXC against gTrade (Gains Network)+0.063%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.063% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2473	L +0.0002% / S +0.0001%	pay 0.0000% / 1h	4m 36s	$799	—	150x
Short	MEXC WIF_USDT	0.2475	0.0100	get 0.0050% / 4h	2h 04m	$22.0M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now +0.063%Rate

Funding earned: $20.68
Price spread: +0.063% → 0.000%: $6.35
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $13.03
Costs to cover: 0.140%
Break-even: 2.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	2.02 bp	12.4 bp −$12	29.7 bp −$297	113.2 bp −$11.3K	149.4 bp −$74.7K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.139%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2474	+0.021%	$643K	$2.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0011%	1h	0.2470	−0.159%	$81K	$273K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2475	+0.045%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S +0.0001%	1h	0.2473	long leg	$799	—	150x
Gate WIF_USDT	+0.0018%	4h	0.2476	+0.104%	$1.2M	$7.5M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2476	+0.120%	$140K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2479	+0.225%	$57K	$497K	20x	as long as short
KuCoin WIFUSDTM	+0.0096%	4h	0.2475	+0.063%	$4.5M	$13.2M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2473	−0.017%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2473	−0.011%	$35K	$279K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2475	+0.074%	$77K	$55K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2476	+0.097%	$18.9M	$113.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2474	+0.023%	$17.1M	$38.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2477	+0.144%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2475	+0.063%	$22.0M	$11.2M	50x
Bitget WIFUSDT	+0.0100%	4h	0.2478	+0.185%	$7.5M	$12.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2472	−0.058%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2476	+0.086%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2466	−0.314%	$278K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	+0.063%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2469	−0.179%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2473	−0.034%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2468	−0.220%	$166K	$733K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2477	+0.142%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2473	−0.025%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0155%	1h	0.2473	−0.017%	$49K	$266K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0166% / S −0.0034%	1h	0.2473	−0.012%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0219%	1h	0.2477	+0.136%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2472	−0.058%	$328K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2472	−0.055%	$0	—	15x	as long as short